Forex Trend Analysis Report
Prepared for you on Tuesday, January 15, 2019.
Bahraini Dinar/US Dollar (FOREX:BHDUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BHDUSD
The long term trend has been DOWN since Jan 13th, 2019 at 2.64335
The intermediate term trend has been DOWN since Dec 2nd, 2018 at 2.64905
The short term trend has been UP since Jan 15th, 2019 at 2.65325
Smart Scan Analysis for BHDUSD
Based on a pre-defined weighted trend formula for chart analysis, BHDUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).